Over the years, Bitcoin and other cryptocurrencies have gained popularity and the awareness has increased considerably. This has in turn resulted to a huge capital investment, large trading volume, and increase in supply and demand laws. In December 2017, bitcoin reached an all-time highest value of over $19,000 and this event led more people into entering the cryptocurrency markets. Cryptocurrency markets require the service of cryptocurrency exchanges. After obtaining a wallet and wallet address, it is often the next item on agenda. Cryptocurrency exchanges exist to convert one cryptocurrency into another and to convert fiat currencies into cryptocurrencies of one’s choice. However, majority of these exchanges come with several challenges ranging from liquidity problems to delayed matching of orders, slow transaction execution, inadequate security making lots of investors lose their investments to cyber-hacks and breaches to mention a few. Lots of exchanges are built by a team of incompetent hands who do not take the future of the exchange expansion into consideration. At first, the exchange may appear successful, but with increased patronage, the server gets weak and is unable to accommodate the influx thus leading to a crash in the system.
INTRODUCTION OF AXNET
Asset Exchange Network (AXNET) team due to their diligence, expertise and wealth of experience in the cryptocurrency and finance industry have been able to study from the scratch the genesis of these problems and have come forward with lasting solutions to challenges faced by existing crypto exchange platforms. The team has recorded a high success in creating and sustaining financial structures that contribute to shaping the economy, one of which cryptocurrency exchange is part of. They have adequate understanding of how the system works and have built the Axnet exchange platform to accommodate solutions to already identified flaws of existing cryptocurrency exchanges. Axnet aims to accomplish their goals of becoming one of the most sought after exchanges in the entire world.
AXNET SOLUTIONS
Unlike many exchanges that present with an interface that is difficult to understand, Axnet will feature a user-friendly interface that is easy to understand by both new and experience cryptocurrency traders. Also, the platform takes into consideration and incentivizes active users who make use of system for their trading activities and also those who refer other members to the community.
To solve the challenges of delayed order matching and slow execution of transaction as seen in majority of exchanges, Axnet utilizes a hardware accelerated and highly efficient memory matching engine that has the ability of matching about 2 million orders and processing of 1 million of order in just one second! As a result, execution of trading orders are swift and without delays.
Axnet provides a form of peace of mind to users by implementing strict security measures for protection of users’ data and infrastructure. The platform has put in place measures to prevent hacks and breaches via the use of a multi layered encryption feature and an internal control review system that double checks all wallet operations before approving access. With Axnet, protection of users’ integrity and confidentiality is guaranteed.
The Axnet system offers a 24/7 customer support service handle by a team of confident and competent staffs who are highly responsive to the needs of every user, providing them with prompt resolutions of issues and complaints. This is aimed at providing users with a hitch-free trading experience on the Axnet platform.
FEATURES OF AXNET EXCHANGE
• Combines the feature of a decentralized and centralized exchange in which users can switch in between the two
• Centralized exchange feature for trading major cryptocurrency with trading pairs of BTC, USD, USDT, ETH, EUR
• Decentralized exchange feature that allows users control access to their funds
• Allows for Crypto-fiat trading
• Low withdrawal fee charges
• 0.1% trading fee on buyers and sellers conducting transactions on the exchange
TOKEN
Tokens that fuel the economy of the Asset Exchange Network platform is known as AXNET. They are built on the ERC20 smart contract and will serve as the means by which all fees such as withdrawal fee, listing fee, trading fee etc. are paid on the platform. It will also serve as a means of incentivizing active traders and users who have referred other members into the system. Users who hold Axnet tokens in their wallet will get to share 50% of all trading fee realized by the platform. Also holders of the token enjoy up to 50% discount in their trading fee.
TOKEN SALE INFORMATION
Token ticker: AXN
Type: ERC20
Total Supply: 1 billion AXN
ICO dates: August 1st-September 1st 2018
Price: 1ETH=2000AXN
For more information, kindly visit:
Website: https://ax.net/
Whitepaper: https://ax.net/docs/AXNETWhitepaper.pdf
Telegram: https://t.me/AXNETCommunity
Facebook: https://facebook.com/AXNETExchange
ANN Thread: https://bitcointalk.org/index.php?topic=4754928
Writer BountyOx username: Crypto4ruby
